Corient Private Wealth LP acquired a new position in shares of W.W. Grainger, Inc. (NYSE:GWW – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,704 shares of the industrial products company’s stock, valued at approximately $64,896,000. Corient Private Wealth LP owned about 0.10% of W.W. Grainger at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Miller Capital Partners Inc. bought a new stake in W.W. Grainger during the fourth quarter worth $26,000. MV Capital Management Inc. bought a new position in W.W. Grainger during the 4th quarter worth $28,000. Elyxium Wealth LLC acquired a new stake in W.W. Grainger in the 4th quarter worth about $30,000. Caitlin John LLC bought a new stake in W.W. Grainger during the fourth quarter worth about $35,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of W.W. Grainger by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 26 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 21 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.
W.W. Grainger Trading Down 1.2%
NYSE:GWW opened at $1,319.67 on Friday. W.W. Grainger, Inc. has a 1 year low of $906.52 and a 1 year high of $1,419.91. The stock’s fifty day moving average price is $1,344.10 and its two-hundred day moving average price is $1,234.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.81 and a quick ratio of 1.70. The company has a market cap of $62.16 billion, a P/E ratio of 33.65, a P/E/G ratio of 2.38 and a beta of 1.04.
W.W. Grainger Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be issued a dividend of $2.49 per share. This represents a $9.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 10th. W.W. Grainger’s dividend payout ratio is currently 25.40%.
Wall Street Analysts Forecast Growth
GWW has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of W.W. Grainger from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of W.W. Grainger from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Oppenheimer boosted their price objective on W.W. Grainger from $1,350.00 to $1,375.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Barclays raised their price target on shares of W.W. Grainger from $1,166.00 to $1,185.00 and gave the stock an “underweight” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley upped their target price on W.W. Grainger from $1,300.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,286.62.
View Our Latest Stock Report on GWW
W.W. Grainger Profile
W.W. Grainger, Inc (NYSE: GWW) is an industrial supply distributor founded in 1927 and headquartered in Lake Forest, Illinois. The company supplies maintenance, repair and operations (MRO) products and services to businesses, institutions and government customers. Over its long history Grainger has developed a broad product assortment and a national distribution network that supports operations across a range of end markets, including manufacturing, healthcare, hospitality, transportation and public sector organizations.
Grainger’s product portfolio spans core categories such as electrical and lighting, safety and personal protective equipment, material handling, motors and power transmission, plumbing and HVAC, fasteners and adhesives, hand and power tools, and janitorial and facility supplies.
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